173 3Rd St, Elizabeth, NJ, 07206
About This Home
173-175 Third St is renovated mixed-use brick building located in the Elizabeth Port section of Elizabeth, offering a strong opportunity for both commercial and residential use. The property features approximately 2,300 sq ft of commercial space on the first floor, suitable for a variety of uses. The second floor includes two fully renovated residential units, each offering 3 bedrooms and modern eat-in kitchens with brand new flooring throughout and new bathrooms. The building is equipped with central air and heat throughout, providing year-round comfort. Conveniently located near major highways, shopping centers, Newark Liberty International Airport, IKEA, Jersey Gardens Mall, and public transportation, offering excellent accessibility to surrounding areas and NYC commuter routes.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Roof: Flat
- Construction materials: Brick
Notable Dates
- Major remodel year: 2023
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Yes,Bilco-Style Door
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Bedrooms,Eat-in Kitchen,Living/Dining Room,Eat-In Kitchen,Living Room
Heating & Cooling
- Heating features: 3 Units,Electric,Natural Gas
- Cooling features: See Remarks
Interior Area
- Total structure area: 4,700
- Total interior livable area: 4,700 sqft
Property
Details
- Parcel number: 2904008040000000190000
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 50 x 100
Parking
- Parking features: See Remarks
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,424 | $53,088 |
| Home Insurance * | $295 | $3,540 |
| Property Taxes | $1,480 | $17,760 |
| Electricity | $518 | $6,217 |
| Total | $6,717 | $80,604 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Listed for sale | $875,000 |
| 2024-07-18 | Listing removed | -- |
| 2024-06-28 | Listing removed | -- |
| 2024-06-18 | Listed for sale | $750,000 |
| 2024-06-14 | Listed for rent | $2,350 |
| 2023-12-17 | Listing removed | -- |
| 2023-08-26 | Listed for sale | $599,000 |
| 2023-07-19 | Listing removed | -- |
| 2023-07-07 | Price change | $700,000 |
| 2023-06-19 | Price change | $590,000 |
| 2023-06-06 | Price change | $599,000 |
| 2022-09-26 | Price change | $550,000 |
| 2021-09-23 | Pending sale | $575,000 |
| 2021-09-23 | Contingent | $575,000 |
| 2021-08-30 | Listed for sale | $575,000 |
| 2015-01-07 | Listing removed | $250,000 |
| 2014-12-24 | Listed for sale | $250,000 |
For Sale by Agent
View on Zillow